There often comes a time during the life of a company when the need for a new product smacks them in the face.  Maybe their current product line has reached the natural end of its life cycle and it’s time for an infusion of something new. Or maybe they are seeking to expand into a new market. This is when a fork in the road appears, and what path is taken can determine whether a company succeeds or fails.

Some brands choose the path of building their product line by shopping around and purchasing products already on the market for inspiration or in many cases, to directly knock off. Some brands, for fear of scaring existing customers away or because of insecurity, rely too heavily on focus groups, consumer input and data to determine product direction. Although keeping a finger on the pulse of the competition and consumers is important, it shouldn’t necessarily be used to dictate the direction of a new product. But there are other, perhaps braver brands that choose to take the path of innovation. These are the brands that most often end up being the leaders and the trend setters.

Originality and innovation are what makes a brand shine. True innovators are creatives who are always looking, not necessarily just at what the competition is doing, or listening only to what their existing customers are saying, but they are looking and listening to what the world in general is doing and saying across many industries and platforms. They are the ones who often do things in spite of what the competition is doing, rather than because of what the competition is doing. And if the formula is right, that innovation is what can turn into a company’s bread and butter.

A lack of innovation most often happens when companies get too big and cumbersome or overly secure and complacent or are too new and insecure. A lack of innovation happens when companies depend too much on data and focus groups or what the competition is doing rather than on what a truly talented creative team can invent. It also comes when the desire for what may seem like guaranteed money supersedes the desire for great product. But ironically, if you have great a product, the money will come and that great new product could turn into the new bread and butter for the company. Innovation doesn’t come from looking at what’s flying off the shelves today, it comes from an ability to imagine what will fly off the shelves tomorrow. Innovation doesn’t generally come from consumers. Consumers know what they have seen, what they have used, what they have bought before. They generally don’t imagine what doesn’t exist yet. That is where designers, inventors and visionaries come in. Innovative product and strong brand identity come from creativity, inventiveness, perception and innate intuition and bravery about what direction to go in or what to create.

The most successful companies are the ones that are able to strike that magic balance between maintaining a core product that sustains them (which had its roots in innovation) and being willing to take the greater risk that comes along with breaking the mold. Valuing and putting faith in the importance and abilities of a talented creative team can be the ticket to a brand’s long term success.